• Banking Quiz – 26

    251 Government charges export duty on some export items in order to?
      A) To get higher prices at a later stage
      B) Increase tax revenue from the same
      C) Donate the items to the poor and needy people
      D) Ensure availability of the items and check prices
    252 All India Credit Survey Committee suggested to set up which org/bank in 1952?
      A) SBI
      B) NABARD
      C) SIDBI
      D) IFCI
    253 How many indians banks were first nationalized in 1969?
      A) 8
      B) 12
      C) 14
      D) 16
    254 Talwar committee was set up by the RBI related to?
      A) Allowing Foreign banks in India
      B) Priority Sector Lending
      C) Capital Account Convertibility
      D) Customer service in banks
    255 In 1935, Reserve Bank of India was started with a share capital of Rs____ crores.
      A) 50
      B) 5
      C) 10
      D) 100
    256 Who described the step of nationalizing 14 commercial banks in 1969 as a “masterstroke of political sagacity.”?
      A) Morarji Desai
      B) Indira Gandhi
      C) Rajendra Prasad
      D) Jayaprakash Narayan
    257 How many indians banks were nationalized in 1980 (second time)?
      A) 8
      B) 12
      C) 14
      D) 16
    258 Scheduled Banks in India are those banks which have been included in the?
      A) 2nd Schedule of the Banking Regulation Act-1949
      B) 2nd Schedule of Reserve Bank of India (RBI) Act, 1934
      C) 2nd Schedule of of the Companies Act-1956
      D) None of These
    259 Which of the following can not be a reason for regulating banking operations by central bank?
      A) Banks act as intermediary between savings and loans
      B) Banks control most of the money supply
      C) Banks hold major part of public savings
      D) Banks earn profit from trade finance, IPO and M&A Activities
    260 Core banking means?
      A) Inter Connectivity between all branches and Head office
      B) Inter Connectivity of head office and RBI
      C) Inter Connectivity of branches, ATMs and Head office
      D) Inter Connectivity between all branches and ATMs


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